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Updated over 7 years ago,

Spencer Cornelia's profile image
Spencer Cornelia's profile image
Spencer Cornelia
  • Investor
  • from Las Vegas, NV
  • Member since Jun 4, 2017
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321
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Spencer Cornelia's profile image
Spencer Cornelia's profile image
Spencer Cornelia
  • Investor
  • from Las Vegas, NV
  • Member since Jun 4, 2017
Connect
Spencer Cornelia
  • Investor
  • Las Vegas, NV
523
Votes |
321
Posts
Creative Real Estate Financing

Quick question about HELOC's

Spencer Cornelia
  • Investor
  • Las Vegas, NV
Posted

Hey BP forum,

I'm looking to get a HELOC on an owner-occupied primary residence (my condo). Wells Fargo mentioned that they offer up to 85% LTV on the property. If I were to get 85% LTV, would I then need to pay PMI because I am borrowing 85%?

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